Barstow, CA 92311,1601 Riverside DR
Barstow, CA 92311,1601 Riverside DR
Barstow, CA 92311,1601 Riverside DR
$32,500
Est. payment /mo
$200,000
83.8%
Est.Price: ?

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36.3 Acres Lot
SOLD DATE : 05/01/2024

Key Details

Sold Price $32,500

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID HD23179804

Sold Date 05/01/24

HOA Y/N No

Lot Size 36.300 Acres

Property Description

Introducing an expansive 36.3-acre parcel in the heart of Barstow, strategically located with impressive frontage along the heavily trafficked I-15 Northbound corridor. Capitalize on the prominent visibility offered by TWO (2) established Lamar signs, already generating a substantial gross income of approximately $23,075 annually.

Highlighting the Financial Benefits:

Consistent Revenue Stream: This property boasts TWO prominent Lamar signs. These aren't just symbols of visibility; they are substantial revenue generators, producing an impressive gross income of approximately $23,075 annually. With such a steady income stream, you’re already benefiting before considering further development.

Frontage Along I-15 Northbound: The property's strategic location along the bustling I-15 Northbound ensures these Lamar signs capture the attention of thousands daily. The traffic volume along this corridor magnifies the potential for advertising returns and ensures a continual demand for advertising space.

Investment with Immediate Returns: While vacant land typically requires development to start generating income, this parcel breaks the norm. The established Lamar signs offer an immediate ROI, allowing you to reap financial rewards from day one.

Prime Location with Growth Potential: Though the spotlight here is the existing income, it's hard to overlook Barstow's growing appeal as a commercial junction. The region's growth could lead to increased advertising rates in the future, amplifying the property's income potential further.

Location

State CA

County San Bernardino

Area Bstw - Barstow

Zoning Medium Density Residentia

Interior

Fireplace No

Exterior

Community Features Rural

Utilities Available Water Not Available

View Y/N No

View None

Building

Lot Description Irregular Lot

Water None

New Construction No

Others

Senior Community No

Tax ID 0424081480000

Acceptable Financing Submit

Listing Terms Submit

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kyle Vizzo • Coldwell Banker Commercial Rea • kyle.vizzo@cbcinland.com
Bought with Jason Lamoreaux • Coldwell Banker Commercial Rea

GET MORE INFORMATION

Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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